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Showing 3 of 3 results by KjutNikolas
I do a ton of trades a day, but I have to transfer cryptoccurency from one exchange to another. Since bitcoin transactions take a lot of time and theres a fee, what do you think I can do? Should I sell the bitcoin on the exchange for a fast currency like NANO and then transfer it to the other exchange and then sell the NANO there to get back the BTC? Do I make any sense? Any answer will help thanks 🙂
As long as they support that token too then it makes sense.
You are trying to escape the time and tx fees which have been ask so much before specially those times when bitcoin tx fee soared way too high.
But somehow this is a lot of work. Maybe you should also add the time you will be spending to sell it back and forth and also the fees in trading sites everytime you sell it to another token.
Not too much time consuming since its all running on my "bot"
I found out that XRP is probably the best and fastest choice. But im still looking for advice if anyone has any idea because XRP still isnt on every exchange.I do a ton of trades a day, but I have to transfer cryptoccurency from one exchange to another. Since bitcoin transactions take a lot of time and theres a fee, what do you think I can do? Should I sell the bitcoin on the exchange for a fast currency like NANO and then transfer it to the other exchange and then sell the NANO there to get back the BTC? Do I make any sense? Any answer will help thanks 🙂
For sure dude. You have a good point. However, your pick isn't that good. NANO isn't listed on every exchange and why would you transfer BTC in this way from exchange to exchange? Just pick a good exchange and trade there. The procedure you describe is more effective if you want to cash out fiat from BTC, then yes it makes sense to buy for example LTC (fast and low fee) and sell LTC for fiat. I don't see NANO for one reason it is not widely accepted. LTC is.
I just made an example. What about XRP? Isnt that the fastest one? I would need the fastest and most widely accepted yeah.
I do a ton of trades a day, but I have to transfer cryptoccurency from one exchange to another. Since bitcoin transactions take a lot of time and theres a fee, what do you think I can do? Should I sell the bitcoin on the exchange for a fast currency like NANO and then transfer it to the other exchange and then sell the NANO there to get back the BTC? Do I make any sense? Any answer will help thanks 🙂